The US will be forced to borrow $3 trillion as spending soars for Coronavirus stimulus and other economic responses. The staggering amount is five times greater than the previous quarterly record during the 2008 Great Recession.
Monthly Archive: May 2020
One employee has died and a cluster of co-workers have been infected by the COVID-19 coronavirus at a Walmart in Quincy, Massachusetts, forcing the store to be closed. Last week at another Walmart, 81 employees tested positive for the coronavirus, and the city of Worcester ordered the store closed.
As major retailers that were already struggling in the age of online shopping face the stark reality of bankruptcy in the wake of the COVID-19 pandemic, some of these companies are so cash-strapped that they can’t afford to file for bankruptcy protection and liquidate their stock.
Dr. Anthony Fauci, a key coronavirus advisor to the Trump White House, said today that calls for his dismissal are “part of the game” as he continues urging Americans to follow social distancing guidelines. Trump supporters have targeted Fauci and called for him to be fired as he cautions governors and local governments to move forward slowly and cautiously with reopening plans.
As more than 40 states across the country move forward with plans to re-open their economies, experts that previously predicted the US would suffer 63,000 deaths by August 1 will now report 134,475 deaths. A second model predicts that the death toll will skyrocket to 3,000 a day, totaling nearly 200,000 deaths by the end of June.
House Speaker Nancy Pelosi blasted the Trump administration for refusing to allow Coronavirus Task Force members to testify before Congress later this month.
A new FEMA draft report predicts that as the United States re-opens and tries to resume normal life while ignoring a virus that has killed over 250,000 people around the world, the consequences will be dire: daily infections will skyrocket from 25,000 to 200,000 and deaths will nearly double to more than 3,000 a day, which adds up to 100,000 per month.
A park ranger in Texas who encouraged a group of young men to social distance was attacked and shoved into a lake. A video of the encounter shows the attacker being pulled into the lake with the ranger, and then running away. News sources report the attacker, a 25-year-old Texan, has been arrested and booked on felony assault charges.